QUESTION 13 Utility J Gains In Kahneman and Tversky's Prospect Theory, they expressed the total subjective valuation for a given prospect using a variation of the following formula, where P; denotes the probability of outcome xi: + π(Pn)v(x₂) V(x1, xn; P1, ..., Pn) = π(P1)v(x1) + The authors hypothesized that the value function could be S-shaped (see picture above). Which of the following parts of the equation would be the S-shaped value function, according to their theory? Select all that apply. □A. π(.) B. ' xi □ C. v(.) □D. V()